Investors’ eyes turn to the earnings season – A successful stock market launch from the chip company

On Wall Street, stock prices rose on Friday as investors prepared for the upcoming earnings season.

The market is also following the development of the conflict between the United States and Iran. Crude oil prices fell after US President Donald Trump said that the negotiations between the parties will continue, even though the ceasefire has ended.

According to experts interviewed by the news agency Bloomberg, the market’s moderate reaction to the tensions in Iran shows that investors are focusing on the upcoming earnings season.

“The stock market is ready for a strong earnings season, but the expectations are also very high,” he says Bellwether Wealth -manager responsible for investments of the asset management company Clark Bell’s Bloombergille.

The S&P 500 index, which tracks large companies, rose 0.4 percent. The technology-focused Nasdaq and the flagship Dow Jones index each gained 0.3 percent.

The South Korean chip giant SK Hynix depository receipts (ADRs) rose 12.8 percent above the listing price. SK Hynix’s successful stock market debut is considered a sign that investors believe in the continuation of the artificial intelligence boom.

From other chip companies Nvidia advanced four percent and AMD two percent. Broadcom weakened by 0.3 percent. Micron decreased by 1.2 percent and Intel 2.4 percent.

About the tech giants Apple decreased by 0.3 percent, Amazon 0.7 percent and Alphabet 0.5 percent.

Microsoft increased by 0.2 percent. Meta strengthened by six percent.

Elon Musk’s of the companies managed Tesla increased by 0.3 percent. A space company SpaceX instead, there was a decrease of 4.5 percent.

A Finnish quantum computer company listed in the US IQM increased by 1.9 percent. Trading with the company’s certificates of deposit started last week.

Network equipment manufacturer on the New York Stock Exchange Nokia decreased by 3.7 percent. Nokia’s depository receipt or ADR is listed on the New York Stock Exchange.

Recently, Nokia’s stock has seen bigger moves than usual, both in Helsinki and on Wall Street.

OP: n senior analyst Kimmo Stenvall states Kauppalehti in the interviewthat Nokia’s stock has become very volatile. According to him, the reason behind Nokia’s increased price fluctuations is that the company is increasingly perceived as a company related to artificial intelligence.